Madison Conservative Allocation Fund (MCNAX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MCNAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MCNAX
MCNAX charges 0.71% annually. There are 307 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | MCNAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MCNAX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | MCNAX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MCNAX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | MCNAX vs BWBIX |
Best Risk-Adjusted Alternatives to MCNAX
MCNAX has a PortfoliosLab risk / return rank of 54. There are 329 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | MCNAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MCNAX vs TIBIX | |
| Davis Appreciation & Income Fund | 96 | — | Apr 1992 | MCNAX vs RPFCX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | MCNAX vs NWQIX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | MCNAX vs FSRRX |
Top Performing MCNAX Alternatives (YTD)
MCNAX is at 4.43% YTD. There are 406 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 29.72% | — | Jan 1998 | MCNAX vs EKBAX | |
| Thornburg Investment Income Builder Fund Class I | 19.05% | — | Dec 2002 | MCNAX vs TIBIX | |
| ICON Equity Income Fund | 18.94% | — | May 2004 | MCNAX vs IOEZX | |
| Greenspring Fund | 17.70% | — | Jun 1983 | MCNAX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 17.05% | — | Aug 1998 | MCNAX vs MHELX |
Lowest Volatility Alternatives to MCNAX
MCNAX has 6.20% 1-year volatility. There are 110 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | MCNAX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.80% | — | Nov 2003 | MCNAX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | MCNAX vs SCLAX | |
| Ave Maria Bond Fund | 3.05% | — | Apr 2003 | MCNAX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | MCNAX vs CSTAX |
Lowest Drawdown Alternatives to MCNAX
MCNAX has a 1-year max drawdown of -5.10%. There are 140 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | MCNAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MCNAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MCNAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MCNAX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MCNAX vs CSTAX |
Other Mutual Funds from Madison
The 10 most viewed Madison mutual funds shown here include MAGSX, GTSGX, BVAOX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Madison Aggressive Allocation Fund Class A | Diversified Portfolio | 67 | 11.31% | — | Jun 2006 | MCNAX vs MAGSX | |
| Madison Mid Cap Fund | Mid Cap Blend Equities | 17 | 7.52% | — | Jul 1983 | MCNAX vs GTSGX | |
| Madison Small Cap Fund | Small Cap Blend Equities | 14 | 9.21% | — | Dec 1996 | MCNAX vs BVAOX | |
| Madison Dividend Income Fund | Large Cap Value Equities | 58 | 12.04% | — | Dec 1986 | MCNAX vs BHBFX | |
| Madison Covered Call & Equity Income Fund | Derivative Income | 29 | 5.97% | — | Oct 2009 | MCNAX vs MENYX | |
| Madison Core Bond Fund | Intermediate Core Bond | 10 | -1.45% | — | Dec 1997 | MCNAX vs MBOAX | |
| Madison Tax-Free National Fund | Municipal Bonds | 67 | -0.06% | — | Dec 1982 | MCNAX vs GTFHX | |
| Madison Investors Fund | Large Cap Blend Equities | 25 | 7.64% | — | Nov 1978 | MCNAX vs MINVX | |
| Madison Moderate Allocation Fund | Diversified Portfolio | 62 | 8.36% | — | Jun 2006 | MCNAX vs MMDAX | |
| Madison Diversified Income Fund | Diversified Portfolio | 55 | 4.40% | — | Dec 1997 | MCNAX vs MBLAX |
Often Compared With MCNAX
Investors most often compare MCNAX with CFAIX, LQD, JEPI. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare MCNAX with Any Fund or Stock
Compare MCNAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MCNAX with funds that move differently
Madison Conservative Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MCNAX.
Explore MCNAX Diversifiers